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24 responses to this post.

“We need to have an effort that includes everyone responsible for property taxes – the Senate, the Assembly, our Administration and local government to provide local government with the authority to run their governments like a business: consolidate, share services, cut duplication and ultimately actually reduce property taxes.”

“Run their governments like a business” … I like that idea.

What percentage of successful businesses today provide Traditional-style Defined Benefit pensions …. (noting that even the VERY few that still credit current service in such Plans are rarely more than HALF as generous as formulas and provisions TYPICAL of Public Sector DB plans granted to almost ALL Public Sector workers).
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And who but PUBLIC Sector workers get ANY (yes ANY) employer-sponsored retiree healthcare benefits today ?

Remember that saying ..”Hey Buddy, got a DIME?

Make that …”Hey Buddy, got a spare $250K-$500K so I can get retiree healthcare too”
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It’s no wonder our property taxes are so high.

Dear Taxpayer …. simply REFUSE to fund the current Grossly Excessive Public Sector pension structure that continue to accrue additional benefits every day. And don’t fall into the biased “study” scam (Union-funded). Don’t compare the generosity of NJ’s Public Sector Pension Plans to other State’s and Cities ALSO grossly excessive PUBLIC Sector pensions & benefits, but compare them to what you … the PRIVATE Sector taxpayers …… get in pension & benefits from YOUR employer.

Wow,what a disappointment this had to be today for TL and Java. With piggie about to skiddadle any day now and with the republican hogs having zippo chance of getting anywhere near the Gov.mansion in the next years thanks to piggies inept administration. One has to wonder just how much lube TL and Java will need to help ease the pain of the tax hike that surely is coming. Don’t cry to hard girls,you had a full 5 years of coddling and protection. Hopefully lube is covered for you girls under Obamacare.

Political announcements are NEVER made publicly until the the deal has already been cut behind the scenes. And THIS (pensions) is the 800 lb Gorilla of a problem. Any real solution HAS TO include great financial pain…. and neither side, the Republicans (accepting tax hikes) or the Democratic Legislators (willing to stand up to their Union benefactors and REDUCE pensions for all CURRENT workers). is yet willing to do so.

Would I have like to see a deal cut to materially reduce, or better yet, freeze the DB Plans, sure, but did I “expect” it …. of course not.

But if you think hat bodes well for Public Sector worker retirement security, you’re nuts. I saw no mention of ANY pension funding commitments.

MJ, did you forget that Christie praised himself for saving pensions only a few years ago and he said workers would thank him? I guess you forgot, that is why he is able to get away with saying anything he desires regardless of whether is it true or not. Well he is a smart guy because he knows that people like you expect him to lie and wont hold him accountable. Or I am wrong and he did nothing wrong and told the truth

Maybe Christie thinks he can get electe and effect change at the federal level and enact a pbgc type plan.

With this, there will be a safety net at a significantly reduced payout. Voters may go along with it because unlike the current scheme, where public pensions bet it all on black, pensions will be reduced withy the highest taking the biggest haircut.

If there is no safety net, everyone is going all or nothing due to the lucrative scheme currently in place.

I would like to see a PBGC system put in place for Public Sector Plans on the exact same terms as the current plan in place for Single employer Corporate Plans. Just FYI, the PBGC maximums are pretty modest at young ages … specifically, $27,061.32 annually at age 55 and $21,047.76 at age 50.

Of course (since it’s protecting the EMPLOYEE’S pension) the full cost of that PBGC “insurance” should be paid for by the Public Sector workers … NOT the Taxpayers.

More like our Democratic legislature ………. bought-off with Public Sector Union campaign contributions and election support ….. won’t listen to anything but tax hikes. when what is eminently more justifiable are very material reductions in the pensions & benefits promised NJ’s Public Sector workers.

No resolution on the agenda but several Roselle residents came out tonight against the Mind & Body Complex. By order of appearance or, as you will see in the second video, disappearance: . . . . . . . . . . . . . . . . . . .